Shariaportfolio Inc. Has $20.46 Million Stock Position in SP Funds S&P Global Technology ETF $SPTE

Shariaportfolio Inc. lessened its position in SP Funds S&P Global Technology ETF (NYSEARCA:SPTE) by 9.2% during the 1st quarter, Holdings Channel reports. The firm owned 590,219 shares of the company’s stock after selling 60,030 shares during the quarter. SP Funds S&P Global Technology ETF makes up about 9.1% of Shariaportfolio Inc.’s investment portfolio, making the stock its 5th biggest position. Shariaportfolio Inc. owned approximately 0.17% of SP Funds S&P Global Technology ETF worth $20,463,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Merkkuri Wealth Advisors LLC acquired a new stake in shares of SP Funds S&P Global Technology ETF during the 1st quarter worth about $25,000. Sunbelt Securities Inc. acquired a new position in SP Funds S&P Global Technology ETF in the third quarter valued at about $28,000. Bank of America Corp DE acquired a new position in SP Funds S&P Global Technology ETF in the second quarter valued at about $50,000. Strengthening Families & Communities LLC grew its stake in SP Funds S&P Global Technology ETF by 319.0% during the fourth quarter. Strengthening Families & Communities LLC now owns 4,211 shares of the company’s stock worth $148,000 after buying an additional 3,206 shares during the last quarter. Finally, CWM LLC grew its stake in SP Funds S&P Global Technology ETF by 47.9% during the fourth quarter. CWM LLC now owns 4,266 shares of the company’s stock worth $150,000 after buying an additional 1,381 shares during the last quarter.

SP Funds S&P Global Technology ETF Stock Performance

NYSEARCA SPTE opened at $45.05 on Monday. The firm has a market cap of $212.64 million, a price-to-earnings ratio of 34.36 and a beta of 1.56. The company has a 50 day moving average of $46.99 and a 200-day moving average of $41.33. SP Funds S&P Global Technology ETF has a 1-year low of $30.80 and a 1-year high of $50.75.

About SP Funds S&P Global Technology ETF

The SP Funds S&P Global Technology ETF (SPTE) is an exchange-traded fund that mostly invests in information technology equity. The fund is a passively managed fund, investing in global technology firms adhering to Shariah investment principles. Stocks selected for the portfolio are weighted based on market-cap SPTE was launched on Nov 30, 2023 and is issued by SP Funds.